QUALITY ASSEMBLIES: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QUALITY ASSEMBLIES
Largest movements
- Cash -€228,931
down €228,931 (-92.2%), from €248,382 to €19,451
- Receivables within one year +€71,822
up €71,822 (+56.4%), from €127,384 to €199,206
of which Other amounts receivable: +€73,707
- Intangible fixed assets +€7,157
new in 2025: €7,157
- Deferred charges and accrued income -€4,913
down €4,913 (-100.0%), from €4,913 to €0
- Other debts -€96,800
down €96,800 (-70.8%), from €136,800 to €40,000
- Profit (loss) carried forward -€36,524
down €36,524 (-28.8%), from €126,794 to €90,270
- Trade debts -€15,286
down €15,286 (-75.8%), from €20,172 to €4,886
- Gross operating margin -€118,563
down €118,563 (-68.3%), from €173,536 to €54,973
- Staff costs +€26,741
up €26,741 (+71.7%), from €37,282 to €64,023
- Financial income +€13,800
up €13,800 (+255.1%), from €5,409 to €19,209
- Financial charges +€4,081
up €4,081 (+535.9%), from €761 to €4,842
- Depreciation -€3,311
down €3,311 (-100.0%), from €3,311 to €0
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,905 | €262,669 | -€152,237 | -36.7% |
| Fixed assets | 21/28 | €160 | €7,157 | +€6,997 | +4372.0% |
| Intangible fixed assets | 21 | - | €7,157 | +€7,157 | |
| Tangible fixed assets | 22/27 | €160 | €0 | -€160 | -100.0% |
| Plant, machinery and equipment | 23 | €160 | €0 | -€160 | -100.0% |
| Current assets | 29/58 | €414,745 | €255,512 | -€159,234 | -38.4% |
| Stocks and contracts in progress | 3 | €34,065 | €36,854 | +€2,789 | +8.2% |
| Stocks | 30/36 | €34,065 | €36,854 | +€2,789 | +8.2% |
| Amounts receivable within one year | 40/41 | €127,384 | €199,206 | +€71,822 | +56.4% |
| Trade receivables | 40 | €127,384 | €125,499 | -€1,885 | -1.5% |
| Other amounts receivable | 41 | - | €73,707 | +€73,707 | |
| Cash at bank and in hand | 54/58 | €248,382 | €19,451 | -€228,931 | -92.2% |
| Deferred charges and accrued income | 490/1 | €4,913 | €0 | -€4,913 | -100.0% |
| Total equity and liabilities | 10/49 | €414,905 | €262,669 | -€152,237 | -36.7% |
| Equity | 10/15 | €249,017 | €212,493 | -€36,524 | -14.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €60,223 | €60,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,023 | €54,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,794 | €90,270 | -€36,524 | -28.8% |
| Amounts payable | 17/49 | €165,889 | €50,176 | -€115,713 | -69.8% |
| Amounts payable within one year | 42/48 | €165,388 | €50,073 | -€115,316 | -69.7% |
| Trade debts | 44 | €20,172 | €4,886 | -€15,286 | -75.8% |
| Suppliers | 440/4 | €20,172 | €4,886 | -€15,286 | -75.8% |
| Taxes, remuneration and social security | 45 | €8,416 | €5,187 | -€3,229 | -38.4% |
| Taxes | 450/3 | €6,568 | €1,240 | -€5,328 | -81.1% |
| Remuneration and social security | 454/9 | €1,849 | €3,947 | +€2,098 | +113.5% |
| Other amounts payable | 47/48 | €136,800 | €40,000 | -€96,800 | -70.8% |
| Accrued charges and deferred income | 492/3 | €500 | €103 | -€397 | -79.3% |
| Non-recurring operating income | 76A | - | €1,090 | +€1,090 | |
| Remuneration, social security and pensions | 62 | €37,282 | €64,023 | +€26,741 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,311 | €0 | -€3,311 | -100.0% |
| Other operating charges | 640/8 | €502 | €541 | +€38 | +7.6% |
| Gross operating margin | 9900 | €173,536 | €54,973 | -€118,563 | -68.3% |
| Operating profit (loss) | 9901 | €132,441 | -€9,591 | -€142,032 | |
| Financial income | 75/76B | €5,409 | €19,209 | +€13,800 | +255.1% |
| Recurring financial income | 75 | €5,409 | €19,209 | +€13,800 | +255.1% |
| Financial charges | 65/66B | €761 | €4,842 | +€4,081 | +535.9% |
| Recurring financial charges | 65 | €761 | €4,842 | +€4,081 | +535.9% |
| Profit (loss) for the period before taxes | 9903 | €137,088 | €4,776 | -€132,312 | -96.5% |
| Income taxes | 67/77 | €147 | €1,300 | +€1,153 | +785.6% |
| Profit (loss) for the period | 9904 | €136,941 | €3,476 | -€133,465 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €136,941 | €3,476 | -€133,465 | -97.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.